Armstrong
RETIRED TTA
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- Feb 2, 2012
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Yara EVERYONE I know in all TOP firms, dealing with FOREX have little to zero on academic front. It's more of a "instinct" job. Now the thing is that you like forex... now how to land a forex job is a different question all together. For that you'd need an MBA in Finance from an amazing institute (not that it matters AT ALL.... they teach you NOTHING.... if you ask me, it's a pile of shi*). However, the diploma gets you that first interview... Rest of it is all the "feel" factor in the FOREX world, no one and no book on earth can teach you anything about it. Just remember you should know basics of financial risk modeling, hedging, know how about and how to follow different commodities, and then you will slowly become aware of this bigger canvas that you'll draw in your mind, where everything will be connected and will relate to one another... when you feel that you have reached that point, that's where you will leave your high paying job and jump into the market on your own. On this journey, if you are good at writing code *from scratch using efficient languages*, probabilistic models, excellent at using super computers for simulating your financial and risk models and can relate intimately to those variables in your equations, you'll end up making a big pile of cash....
So a CFA won't cut it ?
Aur Hypie, as I said a million times before - I'm not looking for a million $$$ job - won't get it & don't want it ! What I'm saying is :
If I wanted to learn how to make money* off FOREX what should be the way to go ?
* by money I'm think between 5-10 k $ a month - Nothing more than that ! I've got some other plans on my mind that I'd much rather devote the rest of my time to instead of a high flying job that saps everything out of me !
So tell me how do I get to that first $1k & then the subsequent ones - Would a degree prepare me for that better ? Or should I continue doing what I'm doing - Reading stuff on my own ?